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MENAFN - The Peninsula - 19/02/2014

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(MENAFN - The Peninsula) Al Meera Consumer Goods Company's net profit for the year-ended December 31, 2013 is up at QR196.1m compared to QR105.7m reported in 2012, the company said in a statement.

The board of directors of Al Meera met on Monday and took a number of decisions, including endorsement of the consolidated financial statements for the last financial year ending December 31, 2013.

The net profit for the year includes a non-recurring profit of QR.71m from the compensation for Al Khor, which is 85.3 percent higher than the previous year, , the company said in a statement.

The board has also recommended a cash dividend of QR8 per share, which is equivalent to 80 percent of the nominal share value.

Notably, the company's revenue reached QR1.95bn, which is 30.0 percent higher than 2012.

The general assembly meeting is scheduled to be held on March 26, 2014

 






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